China has purchased 200 dredging ships over the last 11 years. Most of the technology was from Germany, Japan and other countries. China tripled its dredging capacity over the last 15 years. China can now build its own large and modern dredging ships. China has stated that a US ship passing within a dozen miles …
China’s quarterly GDP numbers for 2016 and 2017 suggest that the soon to be released Q4 2017 GDP number will be about 22.5 trillion RMB. China leadership has already indicated the fourth quarter has come in with strong economic performance and that the 2017 GDP was 6.9%. The trends for increasing for quarter to quarter …
Hugh White makes the case that America’s influence is decreasing in Asia and China is on the eventual but inevitable path to dominating Asia. Others make the case that the USA still has strategic options. Nextbigfuture believes the ultimate Future of Asia and the world is about AI, other advanced technology and economics. The US …
The Centre for Economics and Business Research (CEBR) forecasts that China’s economy will pass the USA in exchange rate terms by 2030. The report by the Centre for Economics and Business Research in London sees India leapfrogging the U.K. and France next year to become the world’s fifth-biggest economy in dollar terms. It will advance …
Tesla share price rose over 4 percent on Monday due to reports that hundreds of its Model 3 cars could soon be delivered to customers. Many anticipated Model 3s were spotted across the company’s delivery centers in California during the weekend. Electrek had reported 580 Telsa model 3’s built in the first 5 months of …
China, already a global force in digital technologies and McKinsey Global forecasts big shifts in revenue and profits as China’s businesses digitize, boosting the economy’s international competitiveness. The next wave of digital transformation in China is likely to come from broader adoption of digital technologies by businesses in different sectors that will restructure value chains …
“China stopped being a low-cost manufacturing country many years ago,” Apple CEO Cook told the Fortune Global Forum in Guangzhou, capital of the southern Guangdong province, on Wednesday. He said the key for China and other developing countries facing rising labor costs was advanced manufacturing expertise, which meant fostering a highly skilled workforce and building …
Shenzhen had the largest economy in southern China’s Guangdong province last year after a new method of calculating gross domestic product saw it overtake local rival and provincial capital Guangzhou. Shenzhen’s GDP figure for 2016 to more than 2 trillion yuan (US$302 billion) from 1.95 trillion yuan in its initial report. The revision meant that …
Chen Zhao, Chief Global Strategist at Alpine Macro, makes the case that China has a low risk of a debt crisis. Chen says that China’s debt to GDP level is safe. I will relate what Chen Zhao says to how some people can safely afford mortgages that are ten times their income level. Chen makes …
Here is a projection of the GDP in nominal and purchasing power parity terms for China, India and the USA out to 2030. On an exchange rate basis, China should pass the USA in the mid-2020s. India should pass Japan on an exchange rate basis around 2027. China is already 20% larger than the USA …
Tesla announces surprising low prices for the planned Semi Truck. Telsa claims it will have the lowest cost of ownership at half the cost when they are several are used to together to drive in a energy saving drafting convoy. Safest Truck EverEnhanced Autopilot helps avoid collisions, a centered driver position provides maximum visibility and …